New Child

Few events rival the joy of welcoming a new child into your family. As you prepare to be a new parent, consider the impact a child will have on your finances. In 2008, the U.S. Department of Agriculture estimated that the cost of raising a child from birth to age 18 was $291,750 (adjusted for inflation), not including college costs. Luckily, the bigger expenses come in later years, and you have time on your side. In addition, we have resources that can help you prepare for this event.

This information is for educational purposes only and is not intended as tax or investment advice.

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